GRM Overseas Ltd
NSE: GRMOVER BSE: 531449
Incorporated in 1995, GRM Overseas Ltd is in the business of milling, processing and marketing of branded /nonbranded basmati rice in the domestic and overseas market[1]
₹169
52W: ₹88.4 — ₹186
PE 64.5 · Book ₹23.5 · +619% vs bookMarket Cap₹3,493 Cr
Stock P/E64.5Price to Earnings
ROCE12.1%Return on Capital
ROE14.6%Return on Equity
Div. Yield0%Face Value ₹2
Strengths
- +Company has reduced debt.
- +Company is expected to give good quarter
Weaknesses
- −Stock is trading at 7.28 times its book value
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Promoter holding has decreased over last quarter: -5.76%
- −The company has delivered a poor sales growth of 4.30% over past five years.
- −Company might be capitalizing the interest cost
- −Company has high debtors of 186 days.
Shareholding Pattern
Promoters62.51%
FIIs9.5%
DIIs2.91%
Public25.08%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 72.29% | 72.29% | 72.29% | 72.43%▲0.1 | 70.84%▼1.6 | 68.19%▼2.7 | 68.27%▲0.1 | 62.51%▼5.8 |
| FIIs | 0.67% | 0.23%▼0.4 | 0.17%▼0.1 | 0.72%▲0.5 | 1.89%▲1.2 | 3.36%▲1.5 | 4.92%▲1.6 | 9.5%▲4.6 |
| DIIs | 0% | 0.25%▲0.3 | 0.25% | 0.25% | 0.49%▲0.2 | 1.82%▲1.3 | 1.63%▼0.2 | 2.91%▲1.3 |
| Public | 27.05% | 27.23%▲0.2 | 27.29%▲0.1 | 26.59%▼0.7 | 26.78%▲0.2 | 26.63%▼0.2 | 25.18%▼1.4 | 25.08%▼0.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 166 | 357 | 365 | 276 | 150 | 245 | 243 | 256 | 291 | 326 |
| Expenses | 158 | 342 | 351 | 255 | 142 | 235 | 216 | 236 | 278 | 309 |
| Operating Profit | 8 | 15 | 14 | 21 | 8 | 10 | 27 | 20 | 12 | 17 |
| OPM % | 5% | 4% | 4% | 7% | 5% | 4% | 11% | 8% | 4% | 5% |
| Net Profit | 7 | 13 | 16 | 16 | 7 | 12 | 16 | 16 | 9 | 13 |
| EPS ₹ | 0.38 | 0.74 | 0.87 | 0.89 | 0.4 | 0.66 | 0.88 | 0.89 | 0.48 | 0.71 |
AI Insights
Revenue Trend
TTM revenue at ₹1,116Cr, up 22.4% YoY. OPM at 7%.
Debt Position
Borrowings at ₹211Cr. Debt-to-equity ratio: 0.50x. Moderate leverage.
Institutional Flow
DIIs: 2.91% (+2.91pp change). FIIs: 9.5% (+9.50pp change). Promoters hold 62.51%.
Margin & Efficiency
ROCE improving from 10% (Mar 2014) to 12% (Mar 2025). Working capital days: 123.
Valuation
PE 64.5x with 12.1% ROCE. Price is 619% above book value of ₹23.5. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 13 May - CARE report for quarter ended March 31, 2026 shows full warrant proceeds utilization with no deviations.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 4 May
- Shareholder Meeting / Postal Ballot-Outcome of EGM 2 May - GRM Overseas held EGM on May 2, 2026; approved object clause alteration and reappointment of Independent Director Nidhi.
- Intimation Of Receipt Of In Principal Approval For Listing Of 2,31,54,000 Equity Shares Of Rs. 2/- Each Issued Pursuant To Conversion Of Warrants On Preferential Basis 29 Apr - NSE and BSE granted in-principle approval for listing 2,31,54,000 warrant-converted equity shares on April 29, 2026.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 21 Apr - GRM launched 10X Basmati Rice for diabetics on April 21, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse